Cerberus Sentinel announces acquisition of Arkavia Networks

Rhea-AI Summary

Cerberus Cyber Sentinel Corporation (OTC: CISO) has expanded its operations into Latin America by acquiring Arkavia Networks SPA, a cybersecurity firm based in Chile. This acquisition positions Arkavia as Cerberus's wholly owned subsidiary and South American headquarters in Santiago, Chile. The deal aims to leverage Arkavia's expertise to address rising cybersecurity threats in the region. Cerberus's CEO, David Jemmett, highlighted the strategic importance of this move, as demand for cybersecurity services continues to grow globally, indicated by the 3.8 million job openings in the field.

Positive

• Acquisition of Arkavia Networks expands Cerberus's presence in Latin America, tapping into a growing market for cybersecurity services.
• Arkavia's experienced management team will facilitate growth and strategy execution in the region.

Negative

• None.

U.S. cybersecurity services firm expands internationally into Latin America

SCOTTSDALE, Ariz., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Cerberus Cyber Sentinel Corporation (OTC: CISO), a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., announced that it has acquired Arkavia Networks SPA, a cybersecurity services provider based in Chile.

Under terms of the agreement, Arkavia will become a wholly owned subsidiary of Cerberus Sentinel and will serve as the South American headquarters for the company located in Santiago, Chile. David Alfaro Medina, CEO of Arkavia, will continue to manage his team of professionals.  

“Arkavia is an excellent cultural fit with the Cerberus family of companies,” said David Jemmett, CEO and founder of Cerberus Sentinel. “They bring tremendous cybersecurity experience and a dynamic executive team that will help us execute our growth strategy throughout Latin America which has a strong demand for cybersecurity services. Cybersecurity is a global problem, not just a U.S concern. It requires global capabilities to address customers' security demands. There are 3.8 million job openings worldwide in cybersecurity, and the resources to combat the bad actors are needed globally.”

"We have seen the escalation of cybersecurity threats throughout Latin America," said Alfaro. "Increasingly, we are working with companies outside of Chile to help address the growth of attacks and help educate them on how to protect themselves with a culture of cybersecurity. Joining with Cerberus Sentinel makes sense as we share the same values and approach and look to build a presence together as a global force."

Arkavia will continue to be based in Chile.

Financial terms of the agreement were not disclosed.

About Cerberus Sentinel

Cerberus Sentinel is an industry leader in Managed Cybersecurity and Compliance (MCCP) services with its exclusive MCCP+ managed compliance and cybersecurity services plus culture program. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services, and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and compliance obligations.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believes," "expects," "anticipates," "intends," "estimates," "plan," "will," "may," "look forward," "intend," "guidance," "future" or similar expressions are forward-looking statements. Because these statements reflect Cerberus Sentinel's current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties. Investors should note that many factors, as more fully described under the caption "Risk Factors" and elsewhere in Cerberus Sentinel's Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and as otherwise enumerated herein, could affect Cerberus Sentinel's future financial results and could cause actual results to differ materially from those expressed in such forward-looking statements. The forward-looking statements in this press release are qualified by these risk factors. These are factors that, individually or in the aggregate, could cause the Cerberus Sentinel's actual results to differ materially from expected and historical results. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. We assume no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Contact:
Charles J. Zigmund, Vice President
Cerberus Sentinel
617-838-4183
charles.zigmund@cerberussentinel.com

Cathy Morley Foster
Eskenzi PR
925-708-7893
cathy@eskenzipr.com

Matt Glover or Alex Kovtun
Gateway Investor Relations
949-574-3860
CISO@gatewayir.com

FAQ

What is the significance of the CISO acquisition of Arkavia Networks?

The acquisition allows CISO to expand its operations and establish a presence in the growing cybersecurity market in Latin America.

Where will Arkavia Networks operate after being acquired by CISO?

Arkavia Networks will operate as a wholly owned subsidiary of CISO and serve as its South American headquarters in Santiago, Chile.

How does the acquisition of Arkavia Networks benefit Cerberus Sentinel?

The acquisition provides Cerberus with local expertise and resources to address rising cybersecurity threats throughout Latin America.

What are the future implications of this acquisition for CISO?

This move positions CISO to capitalize on the strong demand for cybersecurity services in Latin America, potentially increasing revenue and market share.